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#33: Bill Fleckenstein On Profiting From Central Bank Mistakes
Superinvestors and the Art of Worldly Wisdom
The Future of Bonds
The Fed has decided that when inflation gets to two, whenever that happens, they're going to say, it's okay. We don't have to worry about it because we need to make up for past. So at some point, the bond market is going tosay, we're not doing this anymore. They concocted this 2% inflation bullshit because they are so stupid that they think inflation leads to economic growth. It does not. Inflation can be a consequence of economic growth, and often it is when it has been in the past during downturns.
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